Russia's Rosneft is reportedly going to submit a bid for Romanian petrochemical plant Oltchim, Evenimentul Zilei daily reported on Thursday, Sept 20, when the bidding deadline in the company's privatisation tender expires. Also on Thursday, the government is expected to announce its further actions in the privatisation procedure of the large chemical company. Russia's Gazprom is also expected to submit a bid since it has asked earlier this week the Romanian government for a tender deadline extention. Two local investors and Oltchim's minority shareholder, Germany's PCC, have submitted valid bids earlier this week. |
Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more
Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more
The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more